Recent changes to the 2019 tax year include immediate full depreciation in respect of manufacturing & processing assets, along with clean energy generation and storage assets. Also, an enhanced first year depreciation claim is now available for most other depreciable assets. Should you do the Accelerated Depreciation or stick to the old method?
Travel from home to a regular place of employment is usually a personal expenditure, the costs of which cannot be claimed as an employment expense. There are exceptions to this… Contact us to see if you may qualify!
If there are recreation or education components to your childcare costs, then you may be able to claim the full amount on your tax return.
RRSP’s are designed to allow you to contribute an amount up to your maximum contribution limit and earn higher interest on the amounts. Are you contributing too much or not enough? We can help you figure that out!
If you are thinking of investing this year, you are in for some slightly good news. CRA has increased the TFSA limits that you can invest.
Starting January 1, 2019, there are a few changes to the way Canadians will be taxed.
The Finance Minister, Bill Morneau, has recently released some new (and interesting) tax changes for Canada which appear to take effect immediately. Here is a… Read More »New Tax Changes in Canada
What is a Private Health Services Plan? In a nutshell, a Private Health Services Plan (or PHSP for short) is an employee benefit plan that… Read More »Private Health Services Plans
These are 5 easy ways to help eliminate stress in your life and help you better understand your taxes and finances.
Here is what I do to get my clients organized. The best part is that it’s very cheap to do (under $10.00) and will help… Read More »Get Organized!